News

10 Most Stable Housing Markets

Again, 4 of Southstar Communities®' housing markets were represented when PMI Mortgage Insurance Co. <http://www.pmi-us.com/> released its rather bleak first quarter 2009 Economic and Real Estate Trends Report <http://www.pmi-us.com/> , earlier this month, they included a list of the 10 most stable housing markets among the 50 largest metropolitan statistical areas (MSAs) in the nation.

PMI's US Market Risk Index looks at the nation's largest MSAs, using economic, housing and mortgage market factors to evaluate whether their home prices will be lower within the next two years.

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Obama Promises More Low-Cost Mortgages

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New Refinance Boomlet May Lift Economy

Record low mortgage rates are providing a small measure of stimulus to the troubled U.S. economy as borrowers scramble to refinance their home loans--a move that frees up cash to spend on other items. The Mortgage Bankers Association reports that the volume of loan applications has soared since November to its highest level in six years.

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30-Year Rates Fall Below 5 Percent

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